Business

Ja property insurance rates hit by Caribbean hurricanes

BY JOSIMAR SCOTT Observer writer | Friday, December, 22 2017    

Jamaicans with property insurance should anticipate increases in premium rates as international reinsurers, still reeling from a flurry of claims received due to hurricanes Harvey, Irma and Maria, will be raising coverage costs for their counterparts in the region. Read More

Wisynco launches Ironade energy drink

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, December, 22 2017    

Wisynco Group Ltd has introduced another energy drink to market – Ironade. Read More

Tortuga Rum Cakes — born in Cayman, grown in Jamaica

BY HANNIFFA PATTERSON Business reporter pattersonh@jamaicaobserver.com | Friday, December, 22 2017    

A flu virus and a heart transplant are an unlikely combination to inspire something meaningful. But at Tortuga International Holdings Limited – the company that produces Tortuga Rum Cakes – it has helped to build a multimillion-dollar rum cake business that's still going strong after... Read More

Cuba says current leadership to remain through April

Friday, December, 22 2017    

HAVANA, Cuba (AP) — Cuba announced yesterday that its current leadership would stay in power until April 2018, a clear signal that Raul Castro will remain as president two months longer than expected. Read More

ATL unlocks prime properties with Kingston Wharves deal

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Friday, December, 22 2017    

ATL Automotive has signed a deal with Kingston Wharves Ltd to provide bonded warehousing and logistics services for all its brands.The operation is expected to begin February 2018. Read More

St Lucia launches food and rum festival in new marketing blitz

Friday, December, 22 2017    

CASTRIES, St Lucia (CMC) – St Lucia has launched its food and rum festival with Tourism Minister Dominic Fedee noting that the island had in the past invested heavily in the St Lucia Jazz festival, which for many years became this island's main tourism marketing... Read More

IMF examines Dominica's CBI programme

Friday, December, 22 2017    

WASHINGTON, United States (CMC) –The International Monetary Fund (IMF) has told Dominica that a prudent management framework of its Citizenship by Investment (CBI) revenues is key, regardless of the expected duration of the windfall with priority given to capital spending, debt... Read More

IMF predicts economic growth for Bahamas over next two years

Friday, December, 22 2017    

NASSAU, Bahamas, (CMC) — The International Monetary Fund (IMF) is predicting economic growth of 1.6 per cent for The Bahamas this year following a “prolonged period of stagnation”. Read More

Monymusk Plantation Rums aims for US market

BY HORACE HINES Staff reporter hinesh@jamaicaobserver.com | Wednesday, December, 20 2017    

National Rums of Jamaica Ltd continues to widen its footprint locally and internationally through its brand Monymusk Plantation Rums. Read More

Jamaica Broilers commissions US$2-million pellet mill

BY JOSIMAR SCOTT Observer writer | Wednesday, December, 20 2017    

Jamaica Broilers Group (JBG) officially commisioned into operation a third pellet mill at its Old Harbour, St Catherine Best Dressed Feed Mill last Thursday. Read More

New roles for Coy and Mack at GraceKennedy

Wednesday, December, 20 2017    

GraceKennedy Group CEO Don Wehby has announced senior management changes within the GraceKennedy Group to take effect on January 1, 2018. Read More

HAJ turnaround continues as $700m in profits expected

BY KARENA BENNETT Business reporter bennettk@jamaicaobserver.com | Wednesday, December, 20 2017    

Chairman of the Housing Agency of Jamaica (HAJ), Norman Brown, is predicting profitability in excess of $700 million for the fiscal year 2017/18, further supporting statements earlier this year that the agency is in a far better position since the appointment of new management in April... Read More

LNG for JUTC

Wednesday, December, 20 2017    

Cabinet has approved the long-awaited pilot project to retrofit some Jamaica Urban Transit Company (JUTC) buses to use liquefied natural gas (LNG).The pilot is expected to begin in the first quarter of next year, with five new LNG buses involved. Read More

Baker Tilly expands into advisory services

Wednesday, December, 20 2017    

Distinguishing values for clients in raw cash is but one of the advantages Baker Tilly will provide through its new range of services, after expanding the lead team. Read More

Kingston Wharves commissions Global Logistics Centre

Wednesday, December, 20 2017    

Shipping Association of Jamaica member company Kingston Wharves Ltd formally commissioned its Global Logistics Centre at Tinson Pen in Kingston on Saturday. Read More



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